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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

109 Koerners Rd Cresco, PA 18326

5 Beds 3 Baths 2,604 sqft Built 2000
Last updated:  Jan 23, 2020

INVESTimate

$265,916

$244K - $288K

Price Est.

$2,026

$1.8K - $2.2K

Rent Est.

$276,074  ( +3.82%)   1 YR EST. FORECAST
  
  
  

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109 Koerners Rd PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $102.12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,604 sqft
  • Baths : 3 Full

109 Koerners Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SWIFTWATER ELEMENTARY CENTER Primary Regular 841 69 5
SWIFTWATER INTERMEDIATE SCHOOL Middle Regular 732 71 8
POCONO MOUNTAIN EAST JUNIOR HIGH SCHOOL High Regular 775 71 7

SWIFTWATER ELEMENTARY CENTER

  • Education Level: Primary
  • # of students: 841
  • # of teachers: 69
5
GreatSchools Rating

SWIFTWATER INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 732
  • # of teachers: 71
8
GreatSchools Rating

POCONO MOUNTAIN EAST JUNIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 775
  • # of teachers: 71
7
GreatSchools Rating
 

Financial Details

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Neighborhood

CRESCO

  • 5,084

    POPULATION
  • 2,020

    HOUSEHOLDS
  • 63.3%

    WHITE COLLAR

Neighborhood : CRESCO

HOUSEHOLDS
2,020
POPULATION

5,084

25.1%Renters
74.9%Home Owners
LABOR FORCE

 

63.3%White Collar
36.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,026 per month.

MY RENT : $2,026 MEDIAN RENT : $1,293

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.7%
$900-999 7.5%
$1,000-1,499 60.5%
>=$1,500 29.3%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,026 would therefore be considered affordable for annual household incomes greater than $81,040 (12 months x 3.333 x $2,026).

Rent % Affordability
Above $500 82.3%
Above $700 73.3%
Above $1,100 57.0%
Above $1,500 46.4%
Above $1,900 36.4%
HOUSEHOLD INCOME RANGE

Approximately 620 of households in this neighborhood have a total annual income of $81,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,026 per month.

MINIMUM INCOME RANGE : $81,040

Income % Distribution
<$20K 17.7%
$20K-$35K 16.2%
$35K-$60K 19.7%
$60K-$100K 19.4%
>=$100K 27.0%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.4%
5-9 mins 7.5%
10-14 mins 17.6%
15-19 mins 9.5%
20-29 mins 23.1%
30-44 mins 15.6%
45-59 mins 4.5%
>60 mins 15.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,026 per month.

MY RENT : $2,026 MEDIAN RENT : $1,293

Rent % Distribution
$500-699 0.0%
$700-899 2.7%
$900-999 7.5%
$1,000-1,499 60.5%
>=$1,500 29.3%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,026 would therefore be considered affordable for annual household incomes greater than $81,040 (12 months x 3.333 x $2,026).

Rent % Affordability
Above $500 82.3%
Above $700 73.3%
Above $1,100 57.0%
Above $1,500 46.4%
Above $1,900 36.4%
HOUSEHOLD INCOME RANGE

Approximately 620 of households in this neighborhood have a total annual income of $81,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,026 per month.

MINIMUM INCOME RANGE : $81,040

Income % Distribution
<$20K 17.7%
$20K-$35K 16.2%
$35K-$60K 19.7%
$60K-$100K 19.4%
>=$100K 27.0%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.4%
5-9 mins 7.5%
10-14 mins 17.6%
15-19 mins 9.5%
20-29 mins 23.1%
30-44 mins 15.6%
45-59 mins 4.5%
>60 mins 15.9%

CRESCO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.3%
Construction 10.0%
Financial Industries 10.0%
Health Care & Social Assistance 17.2%
Manufacturing 9.8%
Retail & Wholesale Trader 11.5%
Other 30.1%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 26% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 13.3%
15-19 4.1%
20-24 8.4%
25-44 20.0%
45-65 35.1%
66+ 19.0%
OCCUPATION

Occupation % Distribution
Construction 6.9%
Healthcare 8.2%
Management, Business, & Financial 15.1%
Natural Resources Maintenance 9.2%
Production & Transportation 16.4%
Sales & Office 32.6%
Other 11.6%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.0%
High School 41.0%
Masters Degree 6.4%
Some College 22.4%
Some High School 8.7%
Other 17.5%

109 Koerners Rd Comps

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109 Koerners Rd, Cresco, PA 18326 is a single family home of 2,604 sqft. HomeUnion INVESTimateĀ® for 109 Koerners Rd includes a Price Estimate of $265,916 and a Rent Estimate of $2,026. This single family home has 5 bedrooms,3 bathrooms, and was built in 2000. This property has an estimated 15 year annualized Yield of 9.14% and Total Return of 2.92%. The estimated 1 year forecast in home value for 109 Koerners Rd is 3.82%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , MONROE County , or the 18326 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 18344
  2. 18466